Boss Energy Ltd (ASX: BOE) shares have dropped 5.61% in Friday afternoon trade, to $1.94 a piece. But investors who invested in the uranium producer at the start of the year will still be sitting on a strong gain, with the company’s share price up significantly for the year-to-date.
For 2026 so far, Boss Energy’s shares are already up 23.57%. The stock is still currently trading 38.22% below levels seen this time last year. The shares hit a four-year low in mid-December so the increase has been welcomed by investors.
This means, $2,000 of shares invested in Boss Energy when the ASX first opened for the year on the 2nd of January, would now be worth $2,471.40! That’s a huge gain over a short period of time.
Why have Boss Energy shares jumped higher this year?
Uranium prices have skyrocketed over the past couple of weeks. Uranium futures in the US have surpassed the US$100 per pound mark in what is the highest trading price in nearly two years.
The price hike is largely due to overall improved uranium market fundamentals and also renewed global demand. With nuclear power on the agenda of many governments across the globe, there has been scramble over reliable, low-carbon electricity options.
This demand spike has lifted sentiment for the uranium producer as investors reposition toward uranium assets.
Meanwhile, Boss Energy released its quarterly update this week. The producer reported strong production levels, robust operational performance and a lower cost per unit. Investors are clearly pleased with the results and it seems to have sparked some renewed interest in the company’s shares.
Are the shares a buy, hold or sell for 2026?
The share price rebound is good news for investors. But many are keen to know if this price rally will keep on going or if we should expect another crash.
The team at Bell Potter recently said it was pleased with Boss Energy’s latest performance. They noted that production was stronger than expected and its costs were lower than expected. But the broker also said it thinks the stock has reached fair value now.
The broker has a hold rating on Boss Energy shares, with a $1.95 price target. That implies a minor 0.51% upside at the time of writing.
TradingView data shows that analyst sentiment is incredibly mixed. Out of 16 analysts, 4 have a strong buy rating, 5 have a hold rating and 7 have a sell or strong sell rating. Although the average target price is $1.67 a piece, which implies a 12.87% downside from the share price at the time of writing.
The post $2,000 invested in Boss Energy shares at the start of 2026 is already worth⦠appeared first on The Motley Fool Australia.
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More reading
- Is it too late to buy Boss Energy shares for uranium exposure?
- ASX 200 uranium shares: Buy 1, sell the other
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- Why Benz Mining, Boss Energy, Develop Global, and Digico shares are storming higher today
Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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